- Associated Press - Thursday, October 9, 2014

MADISON, Wis. (AP) - The University of Wisconsin System’s regents have approved a new report detailing system campuses’ reserves and balances.

The regents approved the report unanimously during a meeting Thursday at UW-Stevens Point. It goes next to the Legislature’s finance and audit committees.

The report shows the system’s four-year and two-year schools, UW-Extension and system administration finished the 2013-14 fiscal year with a total of $973.3 million left over.

About $798 million of that money was earmarked for a specific purpose. Another $110.8 million was placed in reserve accounts. No spending plan exists for the remaining $64 million. That money has been placed in escrow.

UW System President Ray Cross says he considers the $174 million in reserve and escrow to be the system’s true reserves.

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